Tag: lankabusinessonline
Funny World
October 5, 2006 (LBO) – Sri Lanka Thursday cut retail fuel prices, but raised prices for alcohol and cigarettes, as the government disclosed plans to raise defence expenses and hike overall spending by over 40 percent next year. In addition, defence spending is to climb by 45 percent to 139.5 billion rupees, with military procurements […]
Staying High
SINGAPORE, Oct 5, 2006 (AFP) – Oil prices rebounded in Asian trade Thursday, coming off near 8-month lows on continuing unrest in Nigeria and amid reports that OPEC members are ready to cut production in a bid to support the market, dealers said. At 11:25 am (0325 GMT) New York’s main contract, light sweet crude […]
Big Plans
Oct 04, 2006 (LBO) – Sri Lanka will flag off two new power plants in Kerawalapitiya, at least one of them run to on liquefied natural gas. But the island is still looking down the barrel of power cuts over the next two years. Sri Lanka’s energy demand is expected to grow at about eleven […]
Bomb defused in Sri Lankan capital
Oct 4, 2006 (AFP) – A powerful Claymore mine was found in a Tamil area of the Sri Lankan capital Colombo on Wednesday and defused by the bomb disposal squad, police said.More than 60,000 people have been killed in three decades of ethnic bloodshed in Sri Lanka.The mine, weighing 15 kilos (33 pounds), was discovered […]
Spin tops substance in Sri Lanka talks
October 4, 2006 (LBO) – Norway has failed to secure agreement on resuming Sri Lanka’s peace talks following the latest diplomatic move, but reports suggest a breakthrough using hi-tech.Even as Norwegian peace envoy Jon Hanssen-Bauer struggled to get agreement between the government and the Tamil Tigers over a date and a venue for resuming talks, […]
Sri Lanka peace effort hits fresh snags
Oct 4, 2006 (AFP) – A renewed Norwegian bid to coax Sri Lanka’s government and Tamil Tiger rebels back to the negotiating table ran into fresh difficulties Wednesday amid disputes over the timing and venue for talks. Oslo’s special peace envoy Jon Hanssen-Bauer was in fresh talks with Sri Lankan officials to try to set […]
Saudi Funds
October 03 (LBO) – Sri Lanka is in talks with Saudi Arabia to secure over 500 million dollars to expand the island’s oil refining capacity, with the state oil company hoping to fast track the project. “We are currently carrying out a feasibility study for the project and are also in talks with the Saudi […]
Hard Facts
WASHINGTON, Oct 3, 2006 (AFP) – The low-cost allure of emerging economies for Western companies is overdone once the meagre productivity of their workers is factored in, a US business group said Tuesday.The Conference Board said that fast-growing economies in China, India and eastern Europe do enjoy a comparative advantage over the United States. But […]
Norway in talks with Tigers on saving Sri Lanka peace
Oct 3, 2006 (AFP) – A top Norwegian envoy headed for talks with Tamil Tiger rebels Tuesday in a fresh bid to save Sri Lanka’s troubled peace process, but cautioned that a quick fix to the conflict could not be expected.Special envoy Jon Hanssen-Bauer is trying to get the Colombo government and the Liberation Tigers […]
Sri Lanka delays talks but rules out war to end ethnic bloodshed
Oct 3, 2006 (AFP) – Peacebroker Norway struggled Tuesday to bring Sri Lanka and Tamil Tiger rebels to the negotiating table and avert full-scale war as Colombo sought to delay any talks until at least the end of the month. The Sri Lankan government, which earlier had said it was ready for negotiations after a […]
Air attacks dim Sri Lanka peace talk hopes
Oct 3, 2006 (AFP) – Sri Lankan air raids against Tamil Tiger rebels Tuesday dimmed prospects of early peace talks between the two sides despite fresh attempts by Norway to avert a return to full-scale war, officials said.Israeli-built Kfir war planes pounded an area held by Tamil Tigers even as Oslo’s top envoy Jon Hanssen-Bauer […]
Talks underway to revive Sri Lanka peace bid
Oct 2, 2006 (AFP) – A Norwegian envoy held talks Monday with top Sri Lankan government officials aimed at reviving the island’s stalled peace process and ending an upsurge in ethnic bloodshed.Government officials said Colombo hoped the envoy’s visit could lead to a breakthrough in finalising dates for talks with the Liberation Tigers of Tamil […]